Mativ (NYSE:MATV) Coverage Initiated at Stifel Nicolaus

Investment analysts at Stifel Nicolaus started coverage on shares of Mativ (NYSE:MATV) in a report released on Thursday, MarketBeat Ratings reports. The brokerage set a “hold” rating and a $15.50 price target on the stock. Stifel Nicolaus’ target price indicates a potential upside of 17.51% from the stock’s previous close.

Mativ Trading Up 3.7 %

Shares of MATV stock opened at $13.19 on Thursday. The business’s fifty day moving average price is $15.84 and its 200 day moving average price is $16.96. The firm has a market capitalization of $716.74 million, a PE ratio of 6.72, a P/E/G ratio of 3.47 and a beta of 0.70. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.37 and a quick ratio of 1.29. Mativ has a 1-year low of $10.78 and a 1-year high of $19.96.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its holdings in shares of Mativ by 67.2% in the 2nd quarter. American Century Companies Inc. now owns 749,967 shares of the company’s stock worth $12,719,000 after acquiring an additional 301,488 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in Mativ by 12.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,544,028 shares of the company’s stock valued at $26,187,000 after purchasing an additional 176,600 shares during the last quarter. Barclays PLC increased its position in shares of Mativ by 227.5% in the third quarter. Barclays PLC now owns 102,836 shares of the company’s stock valued at $1,748,000 after buying an additional 71,436 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Mativ during the 3rd quarter worth $1,158,000. Finally, Tidal Investments LLC purchased a new stake in shares of Mativ in the 1st quarter worth about $1,033,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

Mativ Company Profile

Mativ Holdings, Inc, together with its subsidiaries, manufactures and sells specialty materials in the United States, Europe, the Asia Pacific, the Americas, and internationally. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials manufactures and sells various engineered polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens for the filtration, protective solutions, release liners, and healthcare end-markets.